3M CoBUE:MMM +1.09%57 Net Margin % is 10.83% as of Mar. 2026, which is 35% below its 10-year median of 16.54. GuruFocus rates BUE:MMM with a GF Score™ of 57/100 and a GF Value™ of ARS21,452.25 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 549 Conglomerates companies, 3M Co ranks better than 76.14% on this metric.
Net margin is calculated as Net Income divided by its Revenue. 3M Co's Net Income for the
three
months ended in Mar. 2026 was ARS913,054 Mil. 3M Co's Revenue for the
three
months ended in Mar. 2026 was ARS8,431,418 Mil. Therefore, 3M Co's net margin for the quarter that ended in Mar. 2026 was 10.83%.
The historical rank and industry rank for 3M Co's Net Margin % or its related term are showing as below:
BUE:MMM'
s Net Margin % Range Over the Past 10 Years
Min: -28.42 Med: 16.54 Max: 22.08
Current: 11.14
BUE:MMM's Net Margin % is ranked better than 76.14% of 549
companies
in the Conglomerates industry
Industry Median: 4.09
vs BUE:MMM: 11.14
3M Co (BUE:MMM) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
3M Co Net Margin % Related Terms
3M Co Net Margin % Historical Data
* Premium members only.
The historical data trend for 3M Co's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Conglomerates subindustry, 3M Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
3M Co Net Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where 3M Co's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
3M Co (BUE:MMM) has a Net Margin % of 10.83% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on 3M Co and its competitors. This is 35% below median its historical median of 16.54. According to the industry distribution chart, 3M Co ranks #131 out of 549 companies in the Conglomerates industry, placing it in the top 23.9%.
Is 3M Co's Net Margin % too high?
3M Co's current Net Margin % of 10.83% is 35% below median its 10-year median of 16.54. The Conglomerates industry median Net Margin % is 4.09. 3M Co's value of 10.83% is 164.8% above this industry median. Based on the distribution chart, 3M Co ranks #131 out of 549 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, 3M Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 3M Co's Net Margin % compare to VMI and HON?
According to the Conglomerates industry distribution chart, 3M Co ranks #131 out of 549 companies for Net Margin %. This places 3M Co in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.09. 3M Co's value of 10.83% is 164.8% above this benchmark. While the company's 10-year median is 16.54 vs. the industry median of 4.09, 3M Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Conglomerates company?
The median Net Margin % among Conglomerates companies is 4.09, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M Co's current Net Margin % of 10.83% is 164.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on 3M Co and its competitors. For the Conglomerates industry, the median Net Margin % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M Co's current Net Margin % is 10.83%, which is 35% below median its own 10-year median of 16.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3M Co stock overvalued right now?
Based on GuruFocus' analysis, 3M Co (BUE:MMM) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS21,452.25, compared to a current price of ARS25,100.00 — trading 17% above its estimated fair value. The current Net Margin % is 10.83%, which is 35% below median its 10-year median of 16.54 and 164.8% above the Conglomerates industry median of 4.09. 3M Co's overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For 3M Co (BUE:MMM), the current Net Margin % is 10.83% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is 3M Co (BUE:MMM) Overvalued in 2026?
Based on GuruFocus' analysis, 3M Co stock appears to be overvalued.
The current stock price of ARS25,100.00 is trading 17% above its estimated GF Value™ of ARS21,452.25.
GuruFocus considers 3M Co to be Modestly Overvalued.
Key valuation signals for BUE:MMM:
Net Margin %: 10.83% (35% below median its 10-year median of 16.54)
GF Value™: ARS21,452.25 vs. price of ARS25,100.00 (17% above fair value)
Industry Position: 164.8% above the Conglomerates median (#131 of 549)
No single metric tells the full story. See the BUE:MMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
57GF Score
Get the complete analysis for BUE:MMM
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BUE:MMM has been successfully added to your 
